(05 MAY 2020)USD/TRY The upside prevails.

(05 MAY 2020)USD/TRY The upside prevails.

5 May 2020, 09:08
Jiming Huang
0
57


Pivot
 (invalidation): 7.0300
Our preference
Long positions above 7.0300 with targets at 7.0580 & 7.0700 in extension.
Alternative scenario
Below 7.0300 look for further downside with 7.0130 & 7.0000 as targets.
Comment
The break above 7.0300 is a positive signal that has opened a path to 7.0580.

(By Swissquote TRADING CENTRAL)